NSIC Signs MoUs with Five Private Banks for MSME Credit
Why in the news
The National Small Industries Corporation tied up with private lenders to make MSME credit more available, accessible and affordable.
Key facts
- Signatory: NSIC; date: 11 August 2025.
- Programme: MSME Credit Facilitation Program.
- Aim: expand bank reach to deserving micro and small units.
| Related scheme | Key points |
|---|---|
| CGTMSE | Collateral-free loans up to ₹5 crore; guarantee 75-85% |
| PMEGP | Subsidy 15-35% of project cost for new micro-enterprises; run by KVIC |
| PM MUDRA Yojana | Up to ₹10 lakh: Shishu to ₹50,000; Kishore ₹50,000-₹5 lakh; Tarun ₹5-₹10 lakh |
| SRI Fund | ₹50,000 crore equity infusion for MSMEs |
Exam angle
- MoU programme: MSME Credit Facilitation Program.
- PMEGP implementer: KVIC.
- MUDRA category limits.